Holliday Water Company
- Assets
- $14.4m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 10
- Location
- Salt Lake City, UT
- Founding
- 05/1945
- Data as of
- 12/2021
- EIN
- 87-0140097
Organization Overview
Holliday Water Company is located in Salt Lake City, UT. The organization was established in 1945. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Holliday Water Company employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Holliday Water Company is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2021, Holliday Water Company generated $2.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $2.4m during the year ending 12/2021. While expenses have increased by 4.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MUTUAL WATERWORKS OPERATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUTUAL WATER WORKS OPERATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marlin K Sundberg Vice Presidenttreasurer | OfficerTrustee | 1.5 | $0 |
Mark C Allen President | OfficerTrustee | 5 | $0 |
Paula L Pulver Secretary | Officer | 40 | $0 |
Darren Shepherd Director | Trustee | 40 | $0 |
Trent Mitchie Director | Trustee | 1 | $0 |
Michelle N Anderson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,897,965 |
| Investment income | $14,636 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,916,801 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $1,000 |
| Compensation of current officers, directors, key employees. | $303,614 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $549,105 |
| Pension plan accruals and contributions | $67,292 |
| Other employee benefits | $0 |
| Payroll taxes | $63,637 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,102 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $77,941 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,000 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $391,872 |
| Insurance | $273,378 |
| All other expenses | $147,479 |
| Total functional expenses | $2,370,158 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,623,516 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $505,433 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $173,948 |
| Prepaid expenses and deferred charges | $19,134 |
| Net Land, buildings, and equipment | $11,083,387 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,405,418 |
| Accounts payable and accrued expenses | $31,703 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $238,698 |
| Total liabilities | $270,401 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $352,476 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $13,782,541 |
| Total liabilities and net assets/fund balances | $14,405,418 |
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